2012

2011

2010

Comstock Mining looks like a 5 bagger. They have a 3 million oz resource (1 gpt) and started production in 2012. With their exploration potential, I expect production to steadily rise, reaching 200,000 oz long term. They understand the geology and are... more

10/13/2012

Analysis

Updated: Excellon Resources Inc.

Excellon Resources appears to be a slam dunk 3 bagger if they can expand their resources in Mexico (two properties with 100,000 acres). However, I have my doubts. I'm a stickler for management, and I did not like their company presentation, nor their web... more

10/13/2012

Analysis

Updated: Guyana Goldfields Inc.

Guyana Goldfields is an exciting company with a lot of upside potential and relatively low risk – other than timeline risk. This company will likely be a 5 bagger long term. It will be a while before they begin producing (2014 or 2015), and development... more

10/13/2012

Analysis

Updated: Minco Silver Corp.

Minco Silver is highly undervalued. Especially for a company that is very close to building their first mine (construction should begin in 2014). They have a monster deposit (150 million oz and growing) that is an anomaly. It is high grade at 6 opt and... more

10/13/2012

Analysis

Updated: Oceanagold Corp.

OceanaGold is solid mid tier producer. The have 10 million oz in resources (1 gpt) and will increase production from 250,000 oz in 2012 to 500,000 oz in 2016. I had them as a top pick, but now must remove them because their upside has diminished. They... more

10/12/2012

Analysis

Updated: Chesapeake Gold Corp.

Chesapeake Gold is highly undervalued. They have a huge project in Mexico (Metates) heading towards production around 2017 at about 770,000 oz of gold equivalent. Yet, their fully diluted market cap is only $410 million. Future gold reserves are valued... more

10/12/2012

Analysis

Updated: Endeavour Silver Corp

Endeavour Silver is another star performer in the silver production category. They have everything working. They are expanding production and reserves at a fast rate. They have low costs, and lots of cash to grow organically. They are no longer cheap,... more

10/12/2012

Analysis

Updated: Fortuna Silver Mines Inc

Fortuna Silver has performed well the last couple of years from a management perspective. They have $60 million in cash and no debt and are forecasting a production increase for the next two years reaching 5.5 million ounces (silver equivalent, including... more

10/12/2012

Analysis

Updated: Sabina Gold & Silver Corp

Sabina Gold & Silver was another good learning experience for me. They had a monster property with 265 million oz of silver, but it was in Nunavut, which is an infrastructure limited area in northern Canada. Sure enough, they sold it for a song to Xtrata... more

10/12/2012

Analysis

Updated: Silvercorp Metals Inc

Silvercorp is an emerging major (my definition). I like this company. They have extremely low costs (below $1 in 2012), no debt, lots of cash ($142 million), and are planning to double production from 5 million oz in 2012 to 10 million in 2014. The... more

10/07/2012

Analysis

Updated: Argonaut Gold Inc

Argonaut Gold became a mid tier producer in 2012 (my definition). There is a lot to like about this company. Their production is forecasted to grow from 90,000 oz this year to 240,000 in 2014 and potentially 500,000 long term. That is a solid growth... more

10/07/2012

Analysis

Updated: Rio2 Ltd

Atacama Pacific Gold has a large gold project in Chile. It is a 4.5 million oz, low grade (.5 gpt) oxide surface mine. They just completed phase 3 drilling and have begun a scoping study. I would expect them to now begin to progress toward production in... more

10/07/2012

Analysis

Updated: Paramount Gold Nevada Corp

Paramount Gold is a project generator. They have two large projects (San Miguel and Sleeper) that are long life mines with exploration potential. They already have identified 5+ million ounces, and it looks likely that will grow to 6+ million. That is a... more

10/06/2012

Analysis

Updated: DELETE - Dalradian Resources Inc

Dalradian Resources appears to be 5 bagger. They have an excellent project in Ireland called Curraghinalt. It is a late stage project that they are currently permitting. It has 2.7 million oz (12 gpt) and they are drilling aggressively on 200,000 acres... more

10/05/2012

Analysis

Updated: Golden Valley Mines

Golden Valley Mines is a project generator with 50 gold properties and another 50 base metals properties in Canada. They have been in business for 10 years and are starting to get some results. They have four joint ventures in the Abitibi Greenstone Belt... more